SG Americas Securities LLC Has $1.74 Million Stake in Globalstar, Inc. $GSAT

SG Americas Securities LLC boosted its holdings in Globalstar, Inc. (NASDAQ:GSAT) by 45.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,486 shares of the company’s stock after purchasing an additional 8,897 shares during the period. SG Americas Securities LLC’s holdings in Globalstar were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in shares of Globalstar by 610.7% during the 3rd quarter. US Bancorp DE now owns 931 shares of the company’s stock worth $34,000 after buying an additional 800 shares during the last quarter. Fortitude Family Office LLC bought a new stake in Globalstar during the third quarter worth about $37,000. Advisory Services Network LLC acquired a new position in Globalstar during the third quarter valued at approximately $40,000. Dakota Community Bank & Trust NA acquired a new position in Globalstar during the third quarter valued at approximately $46,000. Finally, CWM LLC grew its stake in Globalstar by 100.6% in the third quarter. CWM LLC now owns 1,324 shares of the company’s stock valued at $48,000 after purchasing an additional 664 shares in the last quarter. 18.89% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Globalstar

Here are the key news stories impacting Globalstar this week:

• Positive Sentiment: Reports that Amazon is in talks to buy Globalstar — reportedly a possible ~$9 billion deal — are the primary catalyst, driving takeover-premium expectations and strategic value for Amazon’s satellite ambitions. Amazon in talks to buy $9 billion Globalstar (Reuters)
• Positive Sentiment: Multiple outlets report large intraday gains (double-digit moves) on the takeover speculation, signaling strong market appetite and elevated trading volume as investors price in an acquisition. Globalstar stock surges 15% on Amazon report (CNBC)
• Positive Sentiment: Analyst movement: Zacks upgraded Globalstar from “strong sell” to “hold,” which may reduce near-term selling pressure and supports the rally. Zacks upgrade (Zacks.com)
• Neutral Sentiment: Coverage emphasizes the strategic value of Globalstar’s spectrum and hardware to Amazon’s satellite internet plans; this frames the deal as more about spectrum access than only terminals. Amazon’s Globalstar play about spectrum (Bloomberg via 247WallSt)
• Neutral Sentiment: Wider media discussion highlights a potential “spectrum war” with SpaceX’s Starlink, underscoring strategic rivalry but not guaranteeing a transaction. Spectrum rivalry context (247WallSt)
• Negative Sentiment: Reports note ongoing negotiation complexities between the parties; a messy or failed deal would likely trigger a sharp pullback from takeover-driven levels. Deal negotiation complexities (CNBC)
• Negative Sentiment: Valuation risk: GSAT has already run a long way (multi‑hundred‑percent gains over the past year); elevated expectations mean any setback could prompt profit-taking. Valuation and long run-up (MSN)

Wall Street Analysts Forecast Growth

GSAT has been the topic of several recent analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $70.00 price target on shares of Globalstar in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Globalstar in a research note on Tuesday, December 16th. They issued a “hold” rating and a $62.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Globalstar in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Globalstar from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Globalstar currently has an average rating of “Hold” and a consensus target price of $69.00.

Globalstar Price Performance

Shares of NASDAQ GSAT opened at $77.73 on Monday. The firm has a market cap of $9.99 billion, a P/E ratio of -518.17, a price-to-earnings-growth ratio of 126.91 and a beta of 1.46. The business’s 50 day moving average is $61.26 and its 200-day moving average is $57.07. The company has a current ratio of 2.42, a quick ratio of 2.37 and a debt-to-equity ratio of 1.27. Globalstar, Inc. has a 1-year low of $17.24 and a 1-year high of $78.30.

Insiders Place Their Bets

In related news, CEO Paul E. Jacobs sold 1,153 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $57.31, for a total value of $66,078.43. Following the transaction, the chief executive officer owned 61,080 shares in the company, valued at approximately $3,500,494.80. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel L Barbee Iv Ponder sold 682 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $57.31, for a total transaction of $39,085.42. Following the completion of the transaction, the general counsel directly owned 143,348 shares in the company, valued at approximately $8,215,273.88. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,999 shares of company stock worth $293,646 in the last quarter. Corporate insiders own 61.00% of the company’s stock.

Globalstar Company Profile

Globalstar, Inc is a leading provider of mobile satellite voice and data communications services. Through a network of low Earth orbit (LEO) satellites, the company delivers reliable satellite connectivity to users in remote or underserved regions where terrestrial networks are unavailable or unreliable. Its product portfolio includes satellite phones, two-way satellite data modems and Internet of Things (IoT) devices designed for tracking, monitoring and emergency notification.

Founded in 1991 as a joint venture between Loral and Qualcomm, Globalstar launched its first fleet of 48 satellites between 1998 and 2000.